Accordingly, the shareholders registered in its book till January 26 will be eligible to apply for the right shares.
The company is issuing 3,842,737 units of right shares at a ratio of 10:6. After the right issue, the paid-up capital of the company will reach Rs 1.02 billion.
The SGM of the company held on May 28 endorse a proposal of issuing 60 percent right shares. The company has appointed Laxmi Capital as its issue manager. ICRA Nepal has assigned Grade 3 rating to the right issue indicating average fundamentals.
